CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

Harold Black is a portfolio manager who manages the pension portfolio of Company XCG. In addition to the normal compensation that Harold's company provides, Harold is entitled to use all of Company XCG's facilities at their offices. Harold does not mention this benefit to anybody at his firm. According to CFA Institute's Standards of Professional Conduct, which Standard of Professional Conduct has been violated?
A. Standard I (D) Misconduct
B. Standard I (B) Independence and Objectivity
C. Standard IV (B) Additional Compensation Arrangements
Explanation: CFA charterholders and candidates in the CFA program must provide complete disclosure to their employer of the sources and nature of any compensation or other benefits received by them for services rendered. Compensation includes both direct and indirect compensation.

User Contributed Comments 5

User Comment
wink26 Using the bathroom at XCG is considered additional compensation?
vadklim "... is ENTITLED to use ALL of Company XCG's facilities ..." says me it's more than just a bathroom.
ksnider haha your funny wink
chris54321 wink is one of the funniest candidates!!!!!!
DXR7KRK well if the bathroom's nice, like if you get a massage when taking a piss it might compromise his objectivity xd
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